FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued. Story Published at: December 16, 2022 at 08:00AM Continue Reading…
A Traditional Exchange? FTX Was Anything But.
Wall Street Fears the Fed Could Cause ‘Some Damage’
The Federal Reserve’s commitment to vanquish inflation is continuing to add volatility to the stock market. Story Published at: December 15, 2022 at 12:57PM Continue Reading…
FTX’s Founder Faces Growing Legal Troubles
The fallen crypto mogul Sam Bankman-Fried plans to fight extradition as charges pile up in what prosecutors called a record financial fraud. Story Published at: December 14, 2022 at 01:14PM Continue Reading…
FTX chief: Company Appeared to Use ‘Old-Fashioned Embezzlement’
The man charged with recovering customer funds from the collapsed crypto exchange described an ‘unprecedented’ lack of record keeping. Story Published at: December 13, 2022 at 07:55PM Continue Reading…
Lawmakers to Push for Answers Despite Bankman-Fried’s Arrest
Representative Maxine Waters said the charges against Bankman-Friend “denies the public” the opportunity to get answers. Story Published at: December 13, 2022 at 05:08PM Continue Reading…
Prosecutors Charge That FTX Was Engaged in Fraud From the Beginning
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire. Story Published at: December 13, 2022 at 04:02PM Continue Reading…
Sam Bankman-Fried’s ‘House of Cards’ Teeters
Now under arrest, the fallen crypto mogul faces a barrage of charges, including defrauding investors out of billions. Story Published at: December 13, 2022 at 01:21PM Continue Reading…
S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors
The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company. Story Published at: December 13, 2022 at 11:59AM Continue Reading…
The Parents in the Middle of FTX’s Collapse
The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business. Story Published at: December 13, 2022 at 01:01AM Continue Reading…
In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto
Sam Bankman-Fried and Changpeng Zhao were archrivals. With FTX gone, Binance, the world’s biggest crypto exchange, is trying to step into the void. Story Published at: December 13, 2022 at 12:27AM Continue Reading…